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The post FreightWaves Infographics: China-based tire maker to build $500M factory in northern Mexico appeared first on FreightWaves.
The post FreightWaves Infographics: China-based tire maker to build $500M factory in northern Mexico appeared first on FreightWaves.
The Teamsters union has recorded several organizing or contract-signing victories in the past few weeks, but a step it has taken toward representing at least one group of Amazon workers has garnered the biggest headlines. An independent labor union that won representation at a Staten Island, New York, warehouse in 2022, a victory that Amazon…
On today’s episode of WHAT THE TRUCK?!? Dooner is talking to XPO Chief Strategy Officer Ali Faghri about spinoffs, LTL stand-alones, market disruptions and the company’s M&A plans. First Gear Inc.’s Erica Reiss has created a 1:64 scale replica of the silver screen’s most notorious autonomous truck, the Green Goblin from “Maximum Overdrive.” We’ll talk…
Fourth-quarter 2023 earnings and a projection for its prospects in 2024 have led to at least a pair of Wall Street downgrades of the prospects for Norfolk Southern’s stock price. The bottom-line numbers for Norfolk Southern (NYSE: NSC) were that it posted net income in the fourth quarter of $527 million versus $790 million in…
Aloha Air Cargo has decided to close its Los Angeles-Honolulu lane, effective June 1, because of weak demand, FreightWaves has learned. The route is marketed by Aloha, which signs customers and accepts bookings, but sister airline Northern Air Cargo flies a Boeing 767 for Aloha on a charter basis. Aloha operates the route five days…
U.S. box demand has been consistently worse than the largest box makers expected over the past three quarters — with recent declines among the steepest since the Great Financial Crisis — and recent signs point to more of the same weakness. The largest U.S. boxboard/folding carton producer, Graphic Packaging, presented at a conference Tuesday at…
It appears less-than-truckload carrier Yellow Corp. and the Teamsters will renegotiate their labor contract a year early as the two parties have failed to come to terms on proposed network changes, a spokesperson with Yellow confirmed to FreightWaves on Monday. “On Friday, our board of directors voted to open our National Master Freight Agreement contract,…